US Securities and Exchange Commission investigates Robinhood, Reddit and GameStop affair

The SEC fears that the fiasco surrounding the trading of GameStop shares may have shaken confidence in the market.

The American Securities and Exchange Commission wants to investigate the Robinhood, GameStop and Reddit affair

In a corresponding announcement , the „Securities and Exchange Commission“ (SEC) expresses its concern over the „extreme volatility of certain stocks in recent days“.

Although the regulator does not explicitly use the names „GameStop“, „Robinhood“ and „Reddit“, it is more than clear that they are referring to the recent controversy surrounding them. The case has already caused a stir in politics , which makes it all the more likely that the agency will also deal with it. The SEC writes:

„The exchange supervisory authority will carefully examine the actions of registered companies that are to the detriment of investors and otherwise limit their ability to participate in trading.“

This paragraph is ambiguously aimed at the Bitcoin Hero trading platform, because the SEC-registered financial company had stopped trading with it for private investors in the course of the incidents involving the GameStop (GME) shares . However, sales were still possible during this time, which led observers to the assumption that the platform is taking this measure to protect some of its major customers and investors who had to accept massive losses by trading with the GME.

These losses were in turn brought about by the Reddit sub-forum r / WallStreetBets, in which its users jointly bought the shares of GameStop and thus triggered a short squeeze that was fatal for some hedge funds. The forists are however accused of having made themselves guilty of market manipulation. Marc Powers, a professor of blockchain regulation at the International University of Florida who previously worked for the SEC, shares this stance. But he wants to avoid punishing private investors.

Powers argues about this:

“Rather than prosecuting individuals, we should issue market-wide guidelines that help new investors understand the SEC’s perspective on market manipulation. Similar to what the SEC did in 2017 during the hype about token sales (ICOs). “

Powers is alluding to the way the stock exchange regulators deal with so-called Initial Coin Offerings (ICOs), which were touted in 2017 as a new form of capital procurement for companies. At that time, the authority did not take drastic action against these token sales, but first published guidelines. Only subsequent ICOs were then strictly regulated .

It is considered unlikely that the new US government under the aegis of Joe Biden will now take a hard hand against small private investors, but Robinhood will probably have to answer.

La inversión corporativa podría estar a punto de bombear a Bitcoin

La inversión corporativa podría estar a punto de bombear a Bitcoin, dice Bill Miller

El inversor Bill Miller, que ha gestionado fondos por valor de miles de millones de dólares y ha asignado el 1% de su patrimonio neto a Bitcoin, ve la inversión corporativa como una 1K Daily Profit enorme señal de compra potencial.

Bill Miller asignó el 30% de un fondo de 154 millones de dólares a Bitcoin a lo largo de 2017.
Miller ha vencido al S&P 500 durante más de 16 años con sus decisiones de inversión.
Declaró que la tendencia de las empresas a diversificarse en Bitcoin puede estar a punto de disparar los precios de la BTC.

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Bill Miller es un experimentado inversor en los principales mercados financieros, superando al S&P 500 durante años. Se adelantó a la curva con Bitcoin, aumentando la asignación de un fondo de 154 millones de dólares del 5% al 30% en 2017.

„Si la inflación repunta, o incluso si no lo hace, y más compañías deciden diversificar una pequeña porción de sus balances de efectivo en Bitcoin en lugar de efectivo, entonces el relativo goteo actual en Bitcoin se convertiría en un torrente“, declaró Miller ayer.

Miller argumenta que las compañías que incluyan Bitcoin como parte de su balance pueden aumentar significativamente el límite de mercado, y probablemente el precio.

Bill Miller cita a Corporate FOMO

Empresas de todo el mundo han hecho grandes inversiones en Bitcoin, con Microstrategy invirtiendo más de 1.000 millones de dólares hasta el año pasado.

El CEO de Microstrategy, Michael Saylor, fue influenciado por la política de la Reserva Federal de los EE.UU. de imprimir más dinero para combatir la pandemia en curso, inflando el dólar americano. Jack Dorsey recientemente llevó a Square Inc. a comprar 50 millones de dólares de Bitcoin por razones similares.

Bitcoin ha superado recientemente un máximo histórico de 35.000 dólares, probablemente influenciado por inversiones corporativas de alto perfil, entre otros factores. BTC ha subido más de un 300% comparado con el año pasado y un 20% sólo en la última semana.

Reflejando la opinión de Saylor sobre el caso de uso de Bitcoin sobre la inflación del dólar, Miller declaró ayer que „Warren Buffett llamó a Bitcoin ‚veneno para ratas‘,“

Bill Miller escribió en su correo:

„Puede que tenga razón. Bitcoin podría ser veneno para ratas, y la rata podría ser dinero en efectivo“.